U.S. medical debt has unique features. A single ER visit can produce a five-figure bill, and Korean American clients without insurance — self-employed individuals, newly arrived families — are particularly […]
Many Korean American clients consult Song Law Firm about credit card debt. Because bankruptcy stays on credit reports for 7–10 years, we always evaluate non-bankruptcy alternatives first. Alternative 1 —
4 Alternatives to Bankruptcy for Credit Card Debt (NJ & NY Statute of Limitations) Read More »
The 2005 BAPCPA introduced the Means Test (11 U.S.C. § 707(b)) to prevent abuse of Chapter 7. Above a certain income, filers must instead file Chapter 13. Two-Step Means Test
Means Test Strategy — Chapter 7 Eligibility (NJ & NY Median Income) Read More »
The biggest concern in any bankruptcy filing is “What assets do I keep?” U.S. Bankruptcy Code § 522 lets debtors exempt certain assets from the bankruptcy estate. NJ residents may
NJ & NY Bankruptcy Exemptions — Are Your Home, Car, and 401(k) Safe? Read More »
When Korean American clients consult Song Law Firm about bankruptcy, the first question is usually whether to file under Chapter 7 or Chapter 13. Both arise under federal law (11
Chapter 7 vs Chapter 13: Which Bankruptcy to Choose? (NJ & NY Guide) Read More »
Auto Accident Permanency Report — Which Doctor and How to Obtain It Quick Answer The core of NJ auto accident settlements is the “Permanent Injury Diagnosis (Permanency Report)”. This diagnosis
Auto Accident Permanency Report — Which Doctor and How to Obtain It Read More »
Where to Get Treatment After an Accident — Using the NJ Korean American Doctor Network Quick Answer ER treatment is essential within 48 hours of the accident, followed by 6–12
Where to Get Treatment After an Accident — Using the NJ Korean American Doctor Network Read More »
Why You Must Never Sign a “Recorded Statement” for the Insurance Company Quick Answer The recorded statement requested by an insurance company (especially the adverse one) is not a legal
Why You Must Never Sign a Recorded Statement for the Insurance Company Read More »
Settlement vs Lawsuit — When to Settle and When to Refuse Quick Answer The insurer’s first settlement offer is typically 30–50% of fair compensation. The decision requires combined judgment of
Settlement vs Lawsuit — When to Settle and When to Refuse Read More »
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